Google To Start Venture Capital Arm
According to reports Google is working on plans to start a venture capital arm.
According to the report the group will be led by David Drummond, Google’s senior vice president of corporate development and chief legal officer
How the group will be structured and what sort of investments it is likely to target remain unclear.
The Mountain View, Calif., Web giant has long preferred to buy companies rather than invest in them, and has plenty of cash to keep doing so. But it has invested millions of dollars in companies ranging from Current Communications, which offers broadband Internet over power lines, to Meraki, a wireless-Internet-equipment manufacturer.
The company said last year that it intends to invest hundreds of millions of dollars in renewable-energy projects in conjunction with its philanthropic arm, Google.org.
Google also has launched a number of informal funding programs, including contests for software developers.
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Google is clever – they buy Company’s so it owns them and this way they gain 100% control and they can also combine their services / products this way they become more inovative and get more consumers and they make more $$$$.
This is what I call Google Smart